TRON (TRX) Price Update Today: Project Atlas Will Pave The Future Of Content Distribution

TRON announces more information on Project Atlas, which is a new product to ground the future of content distribution, to connect BitTorrent P2P network and its active 100 million monthly users to the TRON blockchain network, on September 28. Using BitTorrent protocol extensions, a special token, and an in-client token economy for handling current limitations, the company targets to introduce a brand-new borderless economy to enable users to globally exchange for computer resources.

Following its initial launch, the BitTorrent protocol owned an incentive system integrated in its essential processes. BitTorrent users can prefer uploading data to users uploading faster to them. Before the acquisition by TRON in July 2018, researches intended for incorporating blockchain-based incentives in the BitTorrent protocol were being conducted by BitTorrent’s R&D team.

Name Price24H (%)
Bitcoin (BTC)
$11,795.38
3.09%
TRON (TRX)
$0.025723
0.11%

As TRON’s founder and CEO, Justin Sun said the following for Project Atlas:

Project Atlas is the foundation for a new way of content distribution. To start, the product will feature faster downloads, more seeds, no mining, and backward compatibility. It is adapted to the world we live in today: mobile, connected, and transparent. We aim to eventually empower all content creators and their communities by eliminating the middleman and enabling content creators to distribute directly to users.

BitTorrent Incentives

Users can provide tokens to uploaders for faster downloads. BitTorrent peers can offer tokens to encourage users for using clients on faster networks and seeding torrents for longer terms, resulting in better swarm longevity and faster downloads for all swarm users.

When a download is complete, users can get tokens for keeping seeding those files. The torrent habitat will get storage and bandwidth. With this feature in mind, uploaders will seed files for longer periods and assign more bandwidth and storage for faster and longer swarms.

The participants will exchange tokens, based on the resources assigned, not mining. There is no mining in Project Atlas. Some of the cryptocurrencies, such as Bitcoin, use the process of mining for securing the history of spending with a “proof of work” system. TRON-like (TRX) cryptocurrencies, without mining, don’t use proof of work. Tron is not intended for mining on the computers of its users.

Tron employs the Project Atlas characteristics as a backward-compatible protocol extension group. Hence, the current clients will keep working perfectly with new clients and features. Users will keep using their version. Token earning or spending will not be necessary. Users will leech and seed to/from new users.

Tron’s Mission

Tron is intended to convert BitTorrent into a faster and easier protocol for everywhere use. As the changes are backward compatible, solutions are possible for one platform in one go. Tron will implement this thrilling development for their whole product group on desktop and mobile. BitTorrent protocol remains agnostic, so any file type will be utilizable. Thus, Tron will be able to scale global file distribution in a more limited time period.

As the lead of Project Atlas, Justin Knoll said:

Project Atlas is an evolution of torrent technology, not a revolution. With TRON’s blockchain expertise, our growing development team of seven people expects to ship the first features in the coming months.

As an open protocol, Bitcoin is planned to let Project Atlas open for developers. The Tron team will announce the implementation details and enable other torrent clients to follow them and improve the habitat for anyone. The popular BitTorrent protocol clients have been offered by BitTorrent as free versions, and they are to keep doing it. The products will be used for free in future.

TRON and BitTorrent will be announcing more on Project Atlas within the next days and weeks, from September 28 – 7PM (PST) forward in live TRON stream on social media. (https://twitter.com/Tronfoundation)

About TRON

Justin Sun established the company in September 2017, which has offered a set of accomplishments such as Mainnet release in May 2018, network independence in June 2018, and TRON Virtual Machine release in August 2018. Also, as a pioneer in decentralized services, BitTorrent was acquired in July 2018.

The biggest decentralized network of the world is TRON, and those projects similar to Project Atlas will link BitTorrent to the blockchain world, with faster downloads and physical torrent lives, establishing a token habitat intended for 100M+ users.

As the Ripple’s former Chief Representative & Advisor, Justin Sun also founded Peiwo in 2013 as one of the biggest live streaming apps from China. He is graduated from the University of Pennsylvania, Peking University, and Hupan University (founded by the Chairman of the Alibaba Group, Jack Ma.)

TRON links thousands of developers around the globe via its consumer-oriented habitat based on blockchain, cryptocurrency, dApps, and leading P2P file sharing products, hence, respectively TRON, Peiwo, BitTorrent & µTorrent.

Having offices in Beijing, San Francisco, and Singapore, over 300 people are employed in the company. Still expanding rapidly, TRON is seeking more passionate people about the decentralization.

Binance, Bittrex, Bitfinex, BitMEX, Bitbay, and many more exchanges are listing TRX.

Check out TRON’s website www.tron.network and Project Atlas: www.bittorrent.com/project-atlas for more information.

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.